JAPAN

Japan FSA Pushes for Sustainability in Bank Business Models

By Editors | 10/07/2020

Management changes may be needed at regional banks that lack sustainability in their business models, says the FSA’s Toshihide Endo.

Securities / Derivatives

JSDA Takes Steps to Increase Bond Market Transparency – Report

By Editors | 27/06/2020

New corporate bond offerings often go partially unsold without the knowledge of issuers. JSDA is reportedly considering requiring underwriters to disclose investor information to issuers.

Market Infrastructure

Eurex Clears its First Interest Rate Swaps from Japan

By Editors | 17/06/2020

The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

By Editors | 16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Securities / Derivatives

MUFG Bank Secures China Interbank Bond Market Licence

By Editors | 16/06/2020

MUFG Bank’s wholly-owned China subsidiary has become the first Japanese bank – and the eight foreign bank overall – to win a Bond Settlement Agent licence.

Fintech / Regtech

JPX, JASDEC Select Use Cases to Test in DLT Project

By Editors | 04/06/2020

DLT will be tested to share fund, SSI, and corporate information; enhance compatibility among fund distribution networks; share stock borrowing and lending information.

Fintech / Regtech

Japan Megabanks to Collaborate on Cashless Payments

By Editors | 04/06/2020

The project will explore the use of electronic money and digital currency to make banks and cashless payments services interoperable, and could evolve into the introduction of the ‘digital yen’.

Market Infrastructure

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

By Editors | 01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Japan Banks Asked to Continue Lending as Stimulus Gets Green Light

By Editors | 31/05/2020

Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.